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Ángela
Ángela wants to sell fast food which is a business she learned about three years ago at a restaurant where she worked six months. After that job she started working in the domestic employee sector in order to give her two small daughters a better quality of life.

Now, Ángela wants to alternate her work activity with the sale of fast food in order to give her children a quality education. This is why she is requesting a loan to buy a fast food cart and supplies. Her goal is to improve her economic situation so her family can prosper.
View original language description ↓
Ángela desea dedicarse a la venta de comidas rápidas, actividad que aprendió desde hace tres años, en un restaurante donde laboró por más de seis meses. Posteriormente consiguió trabajo como empleada doméstica realizando oficios varios, con el fin de garantizarle a sus dos hijas menores de edad una mejor calidad de vida.
En la actualidad Ángela desea alternar el oficio de empleada doméstica con la venta de comidas rápidas ya que desea brindarles a sus hijos una educación de calidad. Razón que la ha motivado a solicitar un crédito que invertirá en la compra de un carro de comidas rápidas y surtido.
Sueña con mejorar su condición económica y sacar su familia adelante.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.

About Colombia

  • $6,070
    Average annual income
  • 162
    View loans »
    Colombia Loans Fundraising
  • $12,834,025
    Funds lent in using Kiva
  • 1,898.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,375 helped Ángela to buy a fast food cart and supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2014